UNDER CONTRACT
$50K PRICE DROP
506 Interlake Dr Monona, WI 53716
Estimated payment $2,720/month
Total Views
41,137
2
Beds
1
Bath
990
Sq Ft
$404
Price per Sq Ft
Highlights
- 47 Feet of Waterfront
- Pier or Dock
- Ranch Style House
- Winnequah School Rated A-
- Open Floorplan
- Sun or Florida Room
About This Home
Looking for a project or build your dream home on the Madison chain of lakes? Check out this wonderful south-facing property on the Yahara River between Lake Monona and Waubesa! The nearly 7,000 sq ft lot features level frontage and is in a prime location with easy access to everything Monona has to offer including shopping, restaurants, parks & boat launch. You'll also enjoy convenient access to downtown Madison, UW, Hospitals, the Beltline, & 90/94. The existing cabin and garage was occupied by the same owners for 30 years & is in need of remodeling or removal, making the land itself the true value in this offering. No immediate neighbors to the West. Property is not located in a floor plane so opportuniies are endless. Don't miss this rare opportunity to get onto the Madison lakes!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,134
Year Built
- Built in 1930
Lot Details
- 6,970 Sq Ft Lot
- 47 Feet of Waterfront
- Lake Front
- River Front
- Level Lot
Home Design
- Ranch Style House
Interior Spaces
- 990 Sq Ft Home
- Open Floorplan
- Wood Burning Fireplace
- Sun or Florida Room
- Oven or Range
- Laundry on main level
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
Parking
- 1 Car Detached Garage
- Driveway Level
Accessible Home Design
- Accessible Approach with Ramp
- Ramped or Level from Garage
Schools
- Winnequah Elementary School
- Glacial Drumlin Middle School
- Monona Grove High School
Utilities
- Wall Furnace
Community Details
Overview
- Interlake Subdivision
Recreation
- Pier or Dock
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,133 | $369,600 | $250,000 | $119,600 |
| 2023 | $5,178 | $301,700 | $192,500 | $109,200 |
| 2021 | $4,848 | $258,400 | $175,000 | $83,400 |
| 2020 | $4,668 | $238,400 | $155,000 | $83,400 |
| 2019 | $4,828 | $238,400 | $155,000 | $83,400 |
| 2018 | $4,112 | $201,700 | $140,000 | $61,700 |
| 2017 | $3,826 | $181,700 | $120,000 | $61,700 |
| 2016 | $3,505 | $166,700 | $105,000 | $61,700 |
| 2015 | $3,375 | $166,700 | $105,000 | $61,700 |
| 2014 | -- | $161,700 | $100,000 | $61,700 |
| 2013 | $3,687 | $146,700 | $85,000 | $61,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Price Changed | $399,900 | 0.0% | $404 / Sq Ft |
| 04/14/2025 04/14/25 | Price Changed | $399,900 | -3.6% | -- |
| 03/31/2025 03/31/25 | Price Changed | $414,900 | 0.0% | $419 / Sq Ft |
| 03/31/2025 03/31/25 | Price Changed | $414,900 | -7.8% | -- |
| 02/27/2025 02/27/25 | For Sale | $449,900 | 0.0% | -- |
| 02/27/2025 02/27/25 | For Sale | $449,900 | -- | $454 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $370,000 | Knight Barry Title | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $296,000 | New Conventional | |
| Previous Owner | $4,000 | Unknown | |
| Previous Owner | $3,751 | Unknown |
Source: Public Records
Similar Homes in the area
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1994184
APN: 0710-291-2351-6
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